LG Display to produce AMOLED displays for phones

LG Display, currently the second largest LCD manufacturer in the world, is getting ready to start producing active matrix OLED (AMOLED) displays for devices like cell phones and PMPs (portable music players).

According to The Korea Times, LG Display spent around 90 billion won ($73 million) to establish a new OLED line.

The company plans to produce 8,000 OLED panels per month by the end of 2010.